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DEI – China: New platform for online cross-border trade

Guangxin Trade Development, part of the Guangxin Group, a public holding with over 25,000 employees and over 23 companies, has developed a new electronic commerce platform called GTD (http://www.ggtdc.com). The platform will enable imported products with reduced customs duties to enter China.

The company’s operational headquarters is in Nansha, one of the 3 hubs (along with Qianhai and Shekou) of the newly established “China (Guangdong) Pilot Free Trade Zone”, which was opened on 21 April. The new free trade zone extends over 116 square kilometres in the rich economic-industrial triangle that has developed around the Pearl River Delta. Nansha covers the biggest part (60 km2), where transport and logistics services, specialised financial services and high-end manufacturing will be developed. The government expects Nansha to become the principal access point by sea to southern, central-southern and south-western China.

GTD’s position in Nansha will make it possible to apply a cumulative tax of 10% to 15% on products imported by e-commerce. The services GTD offers to foreign exporters will consist of inclusion in the online platform, storage of goods in a free zone warehouse, and customs clearance and shipping of goods to customers.

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